About Oliveboard
Oliveboard is an online test preparation platform for MBA, Banking & Government Job exams. Students are prepped for success using Video lectures, Up to date comprehensive course material, Live Group Practice Sessions, Customized Study Planners, All India Test Series, Practice Tests and Analytics for instant feedback. Users can access Oliveboard’s courses on their computers, laptops or an app on their smartphones.
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The Idea of Oliveboard
Oliveboard was founded in Aug 2012, when the founders noticed that there was a lack of good institutes particularly in the Tier 2 and Tier 3 cities. While coaching has traditionally been offline, an effective online solution like Oliveboard not only addresses the issues of accessibility, consistency in quality and cost effectiveness, but also provides insights that traditional classroom training cannot. It helps users benchmark his/her performance against candidates across India. The adaptive engine identifies the weak areas of each student and provides remedial material. Oliveboard’s vision is to “personalize education using technology.”
Services and Solutions
Oliveboard is a predominantly B2C business that helps prepare candidates for more than 20 graduate level India specific exams under the categories of MBA, Banking & Government Job Exams. Most of its users are 21-30 year olds, with a majority that is around 70% of them from Tier 2 and Tier 3 cities of India.
The Price range varies from Rs. 500-Rs. 4000 depending on course requirements. Oliveboard has a Freemium revenue model wherein; Students can evaluate the course by taking free tests & viewing some of the free videos before they decide to commit.
Salient features of the course:
- Up to Date Exam content created by Top Faculty & Exam Toppers
- Course content synchronized across PC & Mobile app for preparation anytime and on any device.
- Online Test Series with All India Standing and adetailed Performance Analysis
- Comprehensive Course Material with Videos, Lessons, Topic Tests, Sectional Tests, GK Tests & Test Series
- An active Group Study Platform
- Adaptive Engine that recommends remedial material on one’s weak areas
About Operations
The two founders; Abhishek Patil & Satish Kumar are hands on in the company along with a strong employee base of 25. The company which was bootstrapped initially received funding from IEIF (India Educational Investment Fund) backed by the Micheal & Susan Dell Foundation in April 2016. They currently have over 2 million registered users on the Oliveboard platform and close to 200,000 downloads of the mobile app. Over 100 million questions have been attempted by users on the platform. They also have subscribers in all 29 states and the 6 Union territories of India. With exams moving online, students move their preparation & practice online as well. And hence, online options are gaining traction among students. An increase in Smartphone use & a broader internet penetration are broad trends that will accelerate the adoption of online test preparation solutions. Moreover, the current trend of more and more exams being conducted online is a key factor for students to move their preparation online as well.
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Management Profiles
Abhishek Patil, CEO, Co-founder& Spokesperson, Oliveboard
Abhishek is the CEO & Co-founder at Oliveboard. Prior to starting Oliveboard, he was the Head of Strategy & Analytics at InMobi where he was instrumental in expanding their presence across Japan, Korea, China, W. Europe, LATAM and Australia. He also built the Analytics team at InMobi to derive insights from large amounts of data for business decisions. At Oliveboard, he handles the strategy, supply side management & marketing among various other business roles.
Abhishek has an MBA from the ‘University of Notre Dame’ and has played integral roles across various spheres like hospitality, manufacturing, gold trading and movie making.
His father; Basant Kumar Patil is a renowned Kannada movie producer, actor and distributor movie. Following in these footsteps he produced a movie which won the Karnataka State award for Best Film in 2006.
A champion chess player and avid reader, he diligently reads up about other Indian startups and their journeys. His wanderlust has taken him to far flung places across the world.
Satish Kumar,CTO & Founder, Oliveboard:
He is the CTO and Founder at Oliveboard,with a strong background in the mobile space having worked at Veveo andInMobi previously. At InMobi, he was in charge of the product efforts on yield optimization and was one of their first engineers. Here he was responsible for building the initial ad serving algorithms, the fraud detection systems and generating sales leads for all the business teams through intelligent data collection
He currently leads the Technology and Operation efforts at Oliveboard. A data freak, Satish’s decisions are strongly data driven. He is passionate about building Tech Platforms and teaching Math.
When he is not coding, he’s usually analyzing large amounts of data from NFL and Football. Satish enjoys working in fast paced teams and has over 6 years of experience with startups.
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